Seeking nice townhome in Cobb CountyWhat landlords or homeowners are willing to accept a Section 8 voucher? I am a single female with 0 children and 0 pets. I need a safe and decent area in Cobb County to move into by mid
From a news release this morning from Zillow, Rate Has Fallen by More Than One-Third Since Peak; But At 21 Percent, Negative Equity Will Remain a Factor for Foreseeable Future, According to Zillow - National
We are providing this monthly real estate advisor report to keep you informed about the latest trends and issues in the real estate market. If you know someone else who might be interested in receiving
Average home prices for the National 20-City Index increased by .7% compared to last month and increased 13.3% over the past year. The September index for Metro Atlanta shows a .48% (non-seasonally adjusted)
Existing and potential homeowners are looking at real estate from all angles as the U.S. economy and local housing markets continue their recovery. For many, there is strong appeal in buying brand-new
Having a Canadian son-in-law, Wally118, it's hard to think of you guys as foreign, but to try to answer, have you ever or do you currently bank with RBC? Please call, text or email if we can provide further assistance. Good Luck!
Yes, Cheryl, the commission and almost everything else is always negotiable in real property transactions. There are several models that essentially let you market and sell your own property for about 4% if the Brokerage allows it. Please call, text or email if we can provide further assistance. Good Luck!
Typically short sales will take longer to close so the 60 day window should be long enough. With that said, it is crucial for you to get pre-approved for the Back To Work program as soon as possible to give you more negotiating leverage. We have had great success with this program so I would be happy to discuss the requirements with you at your convenience.
Timothy Brown | LPO Manager
EVOLVE bank & trust
11605 Haynes Bridge Road Suite 125 | Alpharetta, GA 30009
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959
NMLS#: 168281... more
Do I Need to Make a Full Down Payment With My Purchase Offer? By: Michele Lerner QUESTION: We’re looking to move to a new house. Our existing house has approximately $50,000 in equity. We have
I should be able to help you with that. First step, she'll need to create an LLC, Corp, or Trust if she doesn't already have one. Eventually, she'll want a trust and when we talk, I'll explain why (I want to stick to the question here). This will change her from being a person buying a property to a business buying a property. This also protects her from lawsuits personally aimed at her.
This will be a hard money loan. A soft money loan with a better rate can be costly short term. Minimum down is 35-40% (residential) plus lender fees due at closing. Fees may be assessed up front to pay for loan application, appraisal. There is no credit check, no income requirements. Seller allowed to hold back a 2nd mortgage up to 15% of the purchase price. Rate ranges from 12% to 18%, depending on property type, rehab requirements, location. Rate reduction allowed after 6 to 12 months on time payments (because there is no credit check, the company has to show ability to pay on time). Minimum loan amount $10,000.
Other type loans have similar rates (10-15%) but may allow less money down if rehab work is needed (min $100k loan or case by case if less than $100k).
One thing on the rehab that many banks don't tell you is that they may require the borrower to put the repair money in escrow at closing plus the down payment. They don't let you finance repairs. The only way I know of financing repairs is to obtain a Note Purchase loan, but again, those are NOT for short term financing, rather for 15 to 30 years.... more
If you find something with those terms I have 100+ investors lined up. Loans for investment property owned by non resident foreign nationals are limited to hard money loans. The best I have seen are short term, under 5 years, fully amortizing, 65% LTV at rates in the 11 to 14% range.
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, CIAS, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investment Agent Specialist
203K Certified Specialist
2050 Roswell Road
Marietta GA 30062
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
The Linked In REALTOR
I write this brief blog based on my experience representing a buyer, a seller, and purchasing my own home. You close on your home, move into the home, and find a problem.What do you do?Recently I closed
A little bragging about our Keller Williams real estate office in Cumming. Some of our agents put together a fundraiser for the mother of a young lady battling cancer. Over $6500 was raised in one day!
How Soon Can We Buy After a Short Sale? By: Michele LernerQUESTION: We had to do a short sale on our home in Nevada last year, but now we have landed on our feet again and want to buy a home in
Step-By-Step Guide to Changing Your Address. By: Angela ColleyYou’ve finally brought in the last box, the utilities are churning away, and the Internet is up and running. There’s only one thing
Do You Buy or Sell First When You’re Ready to Move? By: Michele LernerHomeowners who decide they’re ready to become move-up buyers face a chicken-or-egg dilemma: Should they sell their current